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| Patrick Ward |
Orange County, CA– MetroGroup Realty Finance, a private,
Orange County-based mortgage banking firm, has successfully arranged more than
$30 million in financing on behalf of its clients for the acquisition and
refinance of three different properties totaling more than 194,488 square feet
throughout Southern California.
According to Pat Ward, founder of MetroGroup Realty
Finance, “Our refinance activity is increasing due to a dominant trend facing
our industry which is the upcoming spike in commercial loan maturities
beginning in 2015.”
The Mortgage Bankers Association (MBA) forecasts a 72
percent increase from 2014 to 2015 in commercial and multi-family loan
maturities by non-bank lenders, and an additional 34 percent from 2015 to 2016.
“We are already seeing the effect this trend is having on
decisions being made today,” Ward adds.
“For example, we are working with several clients with pending
maturities over the next two years to see if a future funding commitment is
worth consideration to mitigate any refinance risk, as rates have risen
slightly over the last year.”
For a complete copy of the company’s news release, please
contact:
Jenn Quader or Lexi Astfalk
Brower, Miller & Cole
(949) 955-7940
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